The only shareholder in Cepsa (Mubalada Investment Company) has announced its intention to rid itself of part of its holding. It will do so through direct sale to one or more investment funds. Among those who could be interested are Carlyle, Apollo, CVC and Macquare. According to leaks the holding would reach 30% and be valued at 3 billion euros.
Cepsa’s single shareholder, Mubadala (Abu Dhabi Sovereign Fund), expects to raise up to 2.019 billion euros for the capital of the oil company put up for sale, which implies a value for the company in the range of 7.010 – 8.085 billion euros (more than 11.2 billion euros if the debt is included).
Spanish energy Cepsa has acquired the rights to develop its first wind farm in Jerez (Cádiz) for an investment of 35 million euros. This the company’s first foray into the wind energy sector and diversifies its energy business. Cepsa is Spain’s fourth largest industrial group in terms of turnover.
MADRID | Ferrovial announced its construction subsidiary Ferrovial Agroman has been awarded several contracts to build 325 kilometres of gas pipeline in Spain for Endesa Gas….